CNBC Senior Economics reporter Steve Liesman did not die with his sizzling analysis of Donald Trump’s economic policy, in particular the rates that the president continues to propose, in some cases withdrawn.
“I am going to say that my work is at risk, but what President Trump does is insane. It is absolutely insane, “said Liesman on Tuesday’s broadcast of ‘The Exchange’.
“And now he says he sets 50% rates in Canada, unless they agree to become the 51st state,” the journalist continued. “That is insane. There is just no other way to describe it. ‘
There are currently “no boundaries” around Trump compared to his first term when “there were people around him who seemed … I don’t know what the word is … but flexibly over some of the edges,” complained.
“The other that is not talked about,” he added, “is what is going on within the administration in terms of how they treat the constitution and laws.”
“I think that is all bad for the attraction of capital,” Liesman argued. “We need huge amounts of capital if we want to finance our deficits, pay for the things for which we want to pay, sell our bonds and have high stock prices. And it seems as if this administration is doing everything it can to chase away foreign capital. “
“Insanity is not a strategy,” he said.
View the full analysis here: